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Material Handling Equipment Market Size & Forecast

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Historic: 2021-2023 Base Year: 2024 Forecast: 2025–2031
US$ 60.05 Billion
Market Size 2024 · Base Year
US$ 92.63 Billion
Projected Market Size by 2031
6.39%
CAGR · 2025–2031
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BMIPUB00031690 56+ Countries Covered 10 Major Companies Profiled PEST & SWOT Analysis Competitive Heat Map
At a Glance

Report Coverage

56 +
Countries
56+ countries across North America, Europe, Asia-Pacific, South and Central America, Middle East and Africa
11
Year Assessment
Comprehensive Market Analysis Covering 3 Years of Historical Data (2021–2023), Base Year (2024), and 7-Year Forecast (2025–2031)
10 +
Major Players
Major companies profiled including Caterpillar Inc., Komatsu Ltd., John Deere, XCMG Group, Liebherr Group
200
Report Pages
Pages of deep-dive analysis with PEST, SWOT, competitive heat maps and datasets
What's Fueling Growth

Market Drivers

  • Rapid Urbanization

  • Infrastructure Investments

  • Technological Advancement

Where Growth Opportunities Exist

Key Opportunities

  • Electrification and Hybridization

  • Autonomous Equipment

What Could Slow It Down

Market Restraints

  • High capital cos

  • Maintenance issue

  • Economic dependency

Market Segmentation

Coverage by Segment

Equipment Type

Cranes and Lifting Equipment
Industrial Trucks
Automated Storage and Retrieval Systems

End-Use Industry

Logistics
Automotive
Construction

Application

Assembly
Transportation
Distribution
Geographic Breakdown

Regional Intelligence

NA North America
EU Europe
APAC Asia-Pacific
SCA South & Central America
MEA Middle East & Africa
Competitive Landscape

Major Market Players

Listed for reference — companies are not ranked in any particular order.

Caterpillar Inc.
Komatsu Ltd.
John Deere
XCMG Group
Liebherr Group
SANY Group
Volvo Construction Equipment
Hitachi Construction Machinery
JCB
Doosan Bobcat
What's Inside

Report Scope & Deliverables

Market Size 2024 US$ 60.05 Billion
Market Size 2031 US$ 92.63 Billion
CAGR 2025–2031 6.39%
Segments By Equipment Type (Cranes and Lifting Equipment, Industrial Trucks, Automated Storage and Retrieval Systems)  |  By End-Use Industry (Logistics, Automotive, Construction)  |  By Application (Assembly, Transportation, Distribution)
Geographies North America (US, Canada, Mexico)  ·  Europe (Germany, Italy, France, U.K., Spain, Belgium, Netherlands, Luxembourg, Norway, Finland, Denmark, Sweden, Switzerland, Austria, Greece, Portugal, Russia, Poland, Romania, Czech Republic, Ukraine, Slovakia, Bulgaria)  ·  Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Taiwan, Bangladesh)  ·  South and Central America (Brazil, Argentina, Chile, Colombia, Peru)  ·  Middle East and Africa (Saudi Arabia, United Arab Emirates, Kuwait, Bahrain, Qatar, Oman, Turkiye, South Africa, Egypt, Nigeria, Algeria)
Deliverables Historical analysis with CAGR · PEST & SWOT analysis · Market Size at Global, Regional, and Country Levels · Competitive heat map · Company profiles · Excel dataset
Report Code BMIPUB00031690
Lead Analyst Dhananjay Pawar — Analyst, Research · View Profile
With Full Report Access

Gain actionable insights with 200 pages of in-depth Material Handling Equipment Market, including historical trends, 7-year market forecasts, SWOT analysis, competitive landscapes, and downloadable Excel datasets in a single comprehensive package.

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